Thread regarding Wells Fargo & Co. layoffs

Excellent post on how to avoid repeating history. Excellent suggestions.

A word from someone who wants to see Wells Fargo succeed:

I only come out here occasionally. I read what I want to read, and ignore the rest. I want to point out that those who think they are speaking up for us by presenting “counter-attacks” to defend Wells Fargo and Charlie on this board and on social media are having the opposite desired effect. All you are doing is driving traffic to the posts you disagree with. Think it through. Be smart. Be professional. Represent the bank proudly. Be confident that Wells Fargo is steadily heading in the right direction and we don’t need anyone speaking out for us other than Charlie.

Not sure how anyone could attempt to put a negative spin on a constructive post that spells out a path to educating employees and creating a better firm. And a plan that engages and involves employees. I guess that’s the world we live in today,right? Those who know the least try to drown out those who know the most. It doesn’t work, though. Knowledge and common sense shines through.

OP, thank God this is out of your hands.

You mean give people idea of what vulnerabilities were exploited to commit more fraud and conduct fraud investigations in the public eye and publicize internal control efforts?

Take suggestions from employees as to how to tighten down the hatches - you mean these same employees who were at fault for the problem ?

Well, you are not CS and don't know your backside from your elbow.

This company is in the straits they are in because senior management screwed up not the ordinary worker. But who is paying for it? The ordinary workers who are getting laid off because stockholders aren’t getting paid.

Pathetic...and they wonder why people are disenfranchised with what our brand of American capitalism has become. Look at other countries, it is we not me. But we are a young country and haven’t learned from our mistakes yet. From a lot of the mularkey spread out there I wonder if we ever will. The pandemic and our response to it is another prime example.

Post ID: @1uif+18exZk92

I think a lot of people just disagree with you. I certainly do.

Hey guys, imagine a place where there are no layoffs. If you want to work, you can. If not, you get paid anyway. There is no Chainsaw Charley, except for in horror stories. The words Human Resource does not exist. Being manipulated and controlled by the few is a forbidden. A place where corporations do not control the basic necessities of life and decide who lives and who dies. Someday in the future, our descendants will look back at this barbaric thing we called employment and shutter to think of the poor souls that suffered through it. The tyrants who profited from this misery will not be celebrated in history. They will be remembered for their greed and weakness and the pain they caused their fellow humans.

@idf+18exZk92 here. One thing is clear given the downvotes to my post: there are quite a few managers who come to this website and downvote any post that denigrates management.

To these managers, I say: The truth hurts, doesn't it?

OP here: Oh I work here. I’ve been in the financial industry for years and I know the difference between taking compliance and ethics seriously vs putting out 30 superficial classes every year. Employees don’t take these classes seriously because, for the most part, they do not apply to the jobs employees are actually performing. The Volcker Rule does not apply to anyone in my department, and we don’t plan on entertaining or giving gifts for any foreign nationals. The only class that applies to us is protecting sensitive client information. What I observe is that senior execs keep F’ing up and employees keep getting more classes. It’s comical.

So no I’m not a troll. I disrespect senior management and I don’t respect anyone who speaks out in their favor. I think you have to be morally bankrupt to do so.

I’m just going to paraphrase for Post ID: @idf+18exZk92:

“I’m smarter than everyone here. I’m smarter than all the ineffective, incapable, and irrelevant many managers. And I’m definitely smarter than all the employees who keep creating problems after taking all those extraordinarily educational annual classes every year. And I REALLY enjoy coming out here to remind employees how truly superior I am. You are all wrong, ‘cause you’re dumb.”

Are you talking about Wells Fargo or some other place. We have like 92 training courses a year. We get sent messages daily. No doubt you don't even work here. Your some troll, i see your posts everywhere, the dead give away is the out of wack number of self up posts. Wells Fargo is the cleanest big back out there, it's not even close.

I wonder what did they ask of Wells Fargo years ago in order to remove the cap & "management' refused to do it. Now here we are literally day to day worried about our jobs.

Post ID: @idf+18exZk92

I was going to say pretty much the same thing but it seemed pointless. I guess folks just don't follow what's going on and come here to spout platitudes.

Post ID: @idf+18exZk92

Back your counter-arguments up with documentation, and I’ll show you what else I’ve got. Your answer is a bunch of worthless bs at this point.

1. Already done via various regulator MOUs and consent orders.
2. Already done. See #1.
3. Already done. See #1.
4. Nothing that has impressed the regulators to rescind their MOUs, consent orders, or asset cap.
5. Managers will never allow this to happen as it will shine a spotlight on how ineffective, incapable, and irrelevant many managers actually are.
6. Already done via the mandatory, annual trainings that all team members (employees) have always been required to complete (not that it has done any good given all the issues that Wells Fargo continues to experience).

What's else do you have for me?

Charlie and his cronies dont have a clue what we do at the bottom layers. They dont know what it is like to sign up a new client. They never had to do that. They are entitled and everything was handed to them, which is why the OP's good suggestions will never go anywhere. In addition, dont think Charlie can articulate the details of the consent orders or the wrong doings. After all, as he has stated time and time again, it was prior management's wrongdoings, not his.

100% agree. Especially towards getting the asset cap removed and then being allowed to innovate and grow. It would be so exciting to work for a new Wells Fargo that is genuinely trying to get it right, and become a leader in the industry.

Excellent suggestions. I wish someone could get this to Charlie. It certainly would take us a long way towards getting the asset cap removed.

Makes sense...which is exactly why it won’t happen. Sense went out with this Mgmt long ago.

Agree 100%

Finally someone offering constructive solutions around here

Chainsaw is not here to help Wells Fargo. He's here because he was the last option the Board had available to them. He's here for the big payoff he signed up for after he cuts tens of thousands of jobs. He will then leave with a nice bonus and be done with Wells Fargo. Your idea is a good one, but it won't be executed by Charlie... he could really care less.